A growing economy creates jobs, raises living standards, maintains global competitiveness, and thus engenders positive attitudes and optimism about the future.
While many policymakers seem intent on focusing on either economic stimulus or austerity, IPI believes that the economy can grow consistently and at higher rates than we’ve experienced in the last decade, and we reject the idea that economic growth contains within itself the seeds of its own demise through inflation, the business cycle, and erroneous Phillips Curve assumptions. Therefore, economic growth should be elected officials’ primary policy goal at the federal, state and local levels, and it’s the organizing principle of our policy work at IPI.
Whatever limitations may exist on economic growth, they should not be self-imposed through counterproductive tax policy, overbearing regulations, ill-conceived monetary policy, trade protectionism, or hostility toward skilled and ambitious immigration.
Republicans' Biggest Challenge: Remaining Small-Government Conservatives
Republicans campaigned on cutting the size of government, but they will face a lot of pressure to abandon those promises and spend like Democrats.
Next Big Conservative Challenge: Turning Big Cities Red
If large cities are to return to financial stability and economic growth, they must be run by people who believe in free markets, limited government and a light regulatory burden.
Tax Rate Reduction May Be Tied to GDP Growth: UHY
Giovanetti cautioned that putting more money in people’s pockets so they can spend it is not the purpose of tax reform. “No, cash isn’t enough,” he said. “It has to be invested productively in order to grow the economy. When businesses expand, they hire new workers and create new wealth. And that’s what we want.”
Trump Opens The Door To U.S. Energy Independence
President-elect Trump's energy agenda would be a shot in the economic arm. All he has to do is get the government out of the way.
Will Jobs 'Make America Great Again?'
According to IPI, even though the unemployment rate has gone from 7.8 percent to just under 0.05 percent, the labor participation rate also dropped — from 65.7 to 62.8 percent, a level not seen since March 1978. Meanwhile, the gross domestic product growth has nearly stalled.
It's Not Just Tax Cuts, We Need Spending Cuts
Tax cuts are important but so are spending cuts, and it will take a lot of them if we aren't going to grow the federal debt.
How Business Tax Reform Can Stimulate US Economic Growth
Lowering the corporate income tax is the best thing the federal government can do to stimulate economic growth.
Seven Things Trump's Win Means for America
Trump's tax plan is one of the most dynamic and pro-growth tax plans out there, says IPI's Merrill Matthews to TheStreet. Trump’s plan includes business taxes capped at 15 percent, which could boost business investment and help grow the economy.
A Positive View of a Negative Economy
The media and the left claim Clinton has a positive view of the economy and Trump a negative one. IPI has a positive view of what could happen to a lackluster economy if the next president adopts the right policies.
New Poll: Public Agrees the 'System Is Rigged'
Donald Trump and Bernie Sanders claim the economic system is "rigged" in favor of corporations and the rich; turns out a lot of Americans agree.
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